CHARITY COMMISSION FOR ENGLAND AND WALES Tru8te0s' Annual Report for the period From 0110412024 Perlod start date To 3110312025 Perfod end dats Char5ty name: The Penny Trust Charity registration number: 265887 Objectives and Activities Summary of the purposes of the charity as set out in its goveming document P• 1.17 The otyect of the Trust is to support and encour48 faith-based organisations, indivtduals and their work wortdwide. Summary of the main adiwties in relation to those purposes for the public benefrt, in particulai, the activities, projects or seNices idenffied in the accounts. Pwa 1.17 4nd 1.19 Grants arè m& to faith-based organisab'ons and individuals kntr••n to the trustees. who work wortdwide to help alleviate poNrty. provide educ4tion and promote religious xtsvities. The grants are prtrapproved by the Trustees and the Penny Trust facilitates the distribution of the donations receive(l. Recipient organisations pro¥ide annual independent )unIs. In 8ddrtion. we require e&h organisation and individual to complete our annual accountability questionnare. Statement confimiing whether the trustees have had regard to the guKlance issued by the Charity Commission on public benefbt The Penny Trust h88 complied with the duty in section 4 of the 2006 Charities Act to hawd due regard lo guidan publish•J by the Charity Commission {i.e. public benofft statement). Addltlonal Infom)atlon loptlonal) You ma choose to include further statements where rnFevant about: Pw• l.ja Policy on grant nkqkirvJ 1.38 Policy on social investment including prcyJram related investment
Contribution made by volunteers 1.38 Other Achievements and Perforniance Throughout the year, the Chanty Illitated the distribution of grants in the amunt of £46.194. All of these grants were made in accord with the Charity's obJoth"ve•. Summary of the main achK8vements of the charity. id8ntfying the dffter8nc the charity's work has mth to the arcumstances of its b8Mfiaaries and any Vidèr beneffts to aocty as a whole. Pv• 120 Addlllon•l Inforniallon lopllonall You mLchoo3e to irKaude further statenxnts where relevant about.. Achievements against obie(*ives set PerfomwrKe d fundr8iSiNJ activities •Jainst Ob1Ve8 set Investment perfomiance against objecb'ves Other
Financial Review Review of the charity's financial p0sOn at the end of the nod SL3tement explaining the policy for holding reserves stating why they are held Pw•121 The Charity held unrestricted furKls of £4.946 and restrided fijnds of £3.806 at the earond Restricted funds are hekl arKI then distributed in accordance with donor wishes. Unrestrided funds are held for both administrative purposes and for distribution to grxmj causes as dery'ded by the Trustees. Pm 122 Amount of reserves held Reasons for hdding zero reserbts Oetails ol fund materialty in deficit ExanatIon of any uncertainties abcxrt the charity ntinUIng as a g(¥TrJ ¢oncem kn122 P¥ 12Z Pw•124 Pw•1ZJ Addltlonal Inforniatlon {optlon•l) You ma choose lo include further statermnts where relevant about: The (arity's prin(apd sources crf funds (indudirvJ any fundraising) kn1.47 Investment policy t1 objeclives induding any social irivestment pdicy adopted P4• 1.48 A degcription of the principal risks facing the chanty Pw• 1.46 Other
Structure. Govemance and Management Descripts"on of charitls tnjsts: Type of govemirwj dctument P125 How is the charrty constituted? 125 Trusts rated Trustee se18dion mèthods including details of any constttutional provisions e.g. election to post or name any Ferson or tKidy enlitled to appoint one or more truslees Pn125 Apwnted at Trusteo Me•llng$ Addltlonal Infomiatlon loptlonal) You ma choose to irKlude further statements wlwe relevant about.. Poliaes and procedures adopted for the induction and training of trust•es P¥• 1.91 The charity's organisational structure and any wider netsvork wrth which the ¢haiity woths Pw•1J1 Relationship wtth any related part1•8 P*• 1.51 Other Refer•nce and Administrative details Cha name Other name the cha. istered cha number Chanty's prinLipal address T1 Pen Trust Penn Trust 265887 24 Harding Close Redboum AL3 7Tr
Names of tho charlty trustees who manage the charity D•t•• rf not forwhol• Tru•t•• Ilf any) Nam• of p•rnon lor body} •ntitlgd int trust•• Ifan Mrs Rosemary Fry Mr Michael Green Mr Mark Hopkin$ Ms Suzanne Avery Chair 10 11 12 13 14 15 16 17 18 19 20 rate InJstee8 - names of directors at the date the re Dlrnctor n*m• rtwa$ Name of trustee$ holdiNJ lille to property beloTrJing to the chanty Tru•t•• n•m•
Funds held as custodian trustses on behalf of others Descripts'on of the assets held in this capaThty Name and obieds of the charity on whose behalf the assets are kld and how this falls wrthin the Custodian chanty's objeds Detsils of arrang8ments for Safe ujstody and segregation of such assets from the chanty's assets Addltlonal Informatlon (optlon•l) Names and *ddr•MM of •dvl••rn (Opiional Inforni•fjon) Typo of Nam• Addr• advlser Nam• of chlef •xocuUv• or namw of Mnlor •tsff m•mb•rn (Opknal Infomiatlon) Exemptions from disclo8Urn Reason for non4dixlosure cf k r•onnel details Other o tional inforniation
Declarations The tru•t•as d•clarn that th•y hav• approved the trusteos. rnport abov•. Slgnod on b•half of th• charlty's Irusta•s Slgnaturnls) Full nam•(s) Posltlon leg Socretary. Chalr, •tc) 10 oc (QGÉE ?ozs
! (HARifY COMMISSION FOR ENGIAND NIID WALES Th• TFu%t Recei tsand ments accounts CC16a For tho period To 01104r2024 31ffj3r2025 Section A Receipts and payments fund5 fvnds funds Totsl fund• L•st yur A1 FIK•l Gth and Don•tsor• GrftAvJ B•Trk 14•1 021 4J,11 39,282 961 79 07 tot• ARI ClJ1 .J22 .841 4S,OJ1 40,322 A3P• A•rd• ond Gi4nty Ind•pendenl Ex•wAn•fi F•• 46.194 .1 616 3.017 J8,328 J,S17 2.065 Sub tolal 4.2)) 46.194 SQ.427 39,344 A4 A•••t and Inv••lm•nt Sub tot•1 4,2J3 41.194 39,344 Nei of rncdpts/(p•ym•nts) AS Trnn•f•rn b•twn fvnd• A6 CaJh fund¥ knst yur •nd C•sh fvnds thls yr J,OJ1 5.378 97 8,7S2 14.12 CCXX Rl accounts ISS) 01nor2025
Section B Statement of assets and liabilities at the end of the period Unr•stri¢t•d funds Rèstrict•d lund$ Endowment fund5 to n•arnst£ B1 Ca¥h fvnd• 1.172 3374 Total c•h fun(ts 3,806 Unr•strlct•d Fi••trlet•d fund• fund• Endownv4nt fund• to n•ar••t£ Details Fur whh ¢ury•nt v•lu• Detalls B3 Inv••tm•nt ••••ts Fund ¥ uff•nt v•lu• Details 84 A•••t• r•laln•d for th• ch•rlty'• own u FuThJ lo whkh Amountdu• •n du• Dttails 86 Ll•bllltl•• s1JntyOm0rtr1 k4hall ofall Ihe truste n•lur• Pn"nt NM• D8t• of rov•l F¢ lol 10115 CCKX R2 a¢¢ounts ISS) 0111012025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl mombers of The Penny Trust On a¢¢ounts forthe year onded 31 St March 2025 Charity no (if any) 265887 Set out on pagos I report to the trustee$ on my examination of the accounts of the above charity I'lhe Trust") for the year ended 3110312025. Respon$ibiliti93 and basi$ of report As the charity'$ trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe Act'l. I report in respect of my examination of the charity accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions 9iven by the Charity Commission under section 145{5)Ib) of the Act. Independent l am qualified to undertake the examination by being a qualified member of examlner's statement the Institute of Financial Accountants. I have cornpleted my examination. I confinn that no malerial matters have come lo my attention in connection with the which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the 8c¢ounl$ did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charitiès (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Slgn6d: Date: 1025 Name: BRENDAN CHAMBERS Relèvant professional qualification(s) or body (if any): F.F.A. IER Oct 2018
Address: Fusion Accountancy Limited Ground Floor, Marlborough House, Regents Park Road, London. N3 2SZ Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (8e8 CC32. Independent examinatlon of ¢harlty a¢count8,' directions and guidance for examiners). Glvo h•r• brl•f detsll• of any It•m• that tho oxamlnor wl8h•s to d18cIo8•. IER Oct 2018